0
General

Spain's Masmovil launches EUR 2 bln bid to buy Basque operator Euskaltel

Monday 29 March 2021 | 08:45 CET | News
Update: 29 March 2021 | 10:25 CET
Spanish telecommunications provider Masmovil, the country's fourth largest network operator, has announced a bid to take over rival firm Euskaltel for around EUR 2 billion. In a statement to market regulator CNMV, Masmovil said shareholders holding 52.32 percent of Euskaltel's capital have already agreed to the terms of the friendly takeover at a price of EUR 11.17 per share in cash, a premium of 26.8 percent on the weighted average price of the shares over the past 6 months. The offer was conditional on securing at least 75 percent plus one share of the capital as well as competition and

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?


[29/03/2021 10:25- Update: Adds Euskaltel comments.]


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Euskaltel / Masmovil / R / Telecable / Virgin Telco
Countries: Spain
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Euskaltel revenue up 1.5% in Q2, grows customer base 10% to 863,000

Published 28 Jul 2021 09:58 CET | Spain
Spain's fifth largest operator Euskaltel reported revenues of EUR 174.3 million in the second quarter of 2021, up 1.5 percent ...

Masmovil's Basque brand Guuk signs up 17,000 clients in first year

Published 15 Jul 2021 13:34 CET | Spain
Spanish telecommunications group Masmovil, the country's fourth largest network operator, said its Basque brand 'Guuk' managed to ...

Masmovil cleared by CNMV to finalise Euskaltel takeover - report

Published 06 Jul 2021 10:13 CET | Spain
Spain's financial markets regulator CNMV has approved the proposed takeover of Euskaltel by Masmovil, paving the way for the ...

Spanish govt approves Masmovil's bid to take over Euskaltel - report

Published 24 Jun 2021 14:50 CET | Spain
The Council of Ministers of the Spanish government has given its approval to the proposed takeover of the country's fifth biggest ...

Spanish wholesale FTTH provider Onivia aiming for 9 mln homes by 2025

Published 23 Jun 2021 09:36 CET | Spain
Spanish wholesale fibre provider Onivia is aiming to increase its fibre to the home (FTTH) network to 9 million premises by 2025 ...

Spain's R launches EUR 19 a month fibre offer for second homes

Published 21 Jun 2021 15:05 CET | Spain
Spanish regional cable provider R, owned by Euskaltel and operating mainly in Galicia, has announced the launch of a cut-price ...

Spain's CNMC green lights Masmovil's EUR 2 bln takeover of Euskaltel

Published 17 Jun 2021 08:56 CET | Spain
Spain's communications and competition regulator CNMC has given its unconditional approval to the first phase of the proposed ...

Euskaltel distributes additional EUR 30 mln dividend

Published 16 Jun 2021 12:14 CET | Spain
Spain's fifth largest operator Euskaltel announced that shareholders will receive an additional dividend of EUR 0.31 per share on ...

Virgin Telco offering free additional lines with 50GB for 6 months

Published 11 Jun 2021 09:06 CET | Spain
The Virgin Telco brand of Spain's fifth largest operator Euskaltel has launched a family-oriented summer promotion whereby new ...

Masmovil FY revenues up 15% to over EUR 1.9 bln on 27% customer growth

Published 04 Jun 2021 09:17 CET | Spain
Spanish telecommunications provider Masmovil, the country's fourth largest network operator, reported net revenues of EUR 1.93 ...

Masmovil ups data in basic convergent plan

Published 02 Jun 2021 08:49 CET | Spain
Spanish operator Masmovil has again increased the data included with one of its convergent plans at no extra charge to ...

Spain's R offers free access to Blaze channel

Published 01 Jun 2021 11:32 CET | Spain
Spanish regional cable provider R, owned by Euskaltel and operating mainly in Galicia, has announced that all its TV subscribers ...

Masmovil incorporates Agile TV premium service for EUR 6 a month

Published 26 May 2021 09:21 CET | Spain
Spanish operator Masmovil has announced that all its subscribers can now sign up to a premium version of its Agile TV platform, ...

Zegona to return GBP 335 mln to shareholders following Masmovil deal

Published 25 May 2021 10:04 CET | Spain
Zegona Communications, the leading shareholder of Spanish operator Euskaltel, has announced its intention to return GBP 335 ...

Euskaltel introduces revamped broadband offer for businesses

Published 25 May 2021 09:42 CET | Spain
Spain's fifth largest operator Euskaltel has announced the launch of a new dedicated broadband offer designed to give businesses ...

Masmovil calls for 5G auction delay to finalise Euskaltel merger - report

Published 20 May 2021 09:53 CET | Spain
Spanish telecommunications provider Masmovil, the country's fourth largest network operator, has called on the economics ministry ...

Masmovil to open 7 more Guuk stores in Basque Country and Navarra

Published 12 May 2021 11:26 CET | Spain
Spanish telecommunications group Masmovil, the country's fourth largest network operator, has announced plans to open 7 more ...

Masmovil sells 1.1 mln FTTH units to Onivia to fund Euskaltel takeover

Published 04 May 2021 14:16 CET | Spain
Spanish wholesale fibre provider Onivia has announced the acquisition of a majority stake in a further 1.1 million fibre to the ...

Spain's R gives all clients free access to Surf Channel

Published 04 May 2021 12:00 CET | Spain
Spanish regional cable provider R, owned by Euskaltel and operating mainly in Galicia, has announced that all its TV subscribers ...

Euskaltel begins migrating users from HFC to FTTH

Published 29 Apr 2021 11:27 CET | Spain
Spain's fifth largest operator Euskaltel has followed the publication of its first quarter results by revealing that it has begun ...

Euskaltel revenues up 1.4% in Q1, Virgin Telco passes 100,000 customers

Published 29 Apr 2021 09:17 CET | Spain
Spain's fifth largest operator Euskaltel reported revenues of EUR 174.2 million in the first quarter of 2021, up 1.4 percent year ...

Virgin Telco giving away second free mobile line with convergent subs

Published 26 Apr 2021 15:30 CET | Spain
The nationwide Virgin Telco brand of Spain's fifth largest operator Euskaltel has begun offering a free additional mobile line to ...

Spain's Finetwork targets 1 mln customers, operator acquisitions

Published 20 Apr 2021 09:51 CET | Spain
Spanish MVNO Fi Network (stylised as Finetwork) is planning to almost double its customer base to 1 million by the end of 2021 ...

Spain's R adds Iberalia channel to Total TV offer

Published 13 Apr 2021 11:42 CET | Spain
Spanish regional cable provider R, owned by Euskaltel and operating mainly in Galicia, has announced the addition of specialist ...

Virgin Telco offers unlimited data to all new convergent subs until 2022

Published 12 Apr 2021 16:04 CET | Spain
The nationwide Virgin Telco brand of Spain's fifth largest operator Euskaltel has decided to launch a new data-led offer to ...

Masmovil hikes convergent data at no extra cost

Published 08 Apr 2021 16:03 CET | Spain
Spanish operator Masmovil has increased the data bundled with its main convergent tariff at no extra charge to subscribers. The ...

Vodafone starts new marketing campaign to reposition brand

Published 31 Mar 2021 17:29 CET | World
Vodafone has launched a new marketing campaign called 'Together we can'. The campaign is based on the idea of a better future ...

Last week in telecoms: FTTH JVs, Telstra break-up, MasMovil buys Euskaltel

Published 29 Mar 2021 11:05 CET | World
Last week's news included new fibre joint ventures at KPN and Proximus, streaming services Peacock and HBO Max expanding abroad, ...

Euskaltel profit up 28% in 2020, hits 823,000 customers

Published 26 Feb 2021 11:05 CET | Spain
Spanish operator Euskaltel reported record revenues of EUR 697.1 million in 2020, up 1.7 percent year on year, with net profit ...

Masmovil passes 2 million fixed broadband customers

Published 21 Jan 2021 14:54 CET | Spain
Spanish telecommunications group Masmovil, the country's fourth largest network operator, has reached the milestone of 2 million ...

Masmovil buys rural operator Ahi+ for EUR 115 mln - report

Published 16 Dec 2020 10:10 CET | Spain
Spanish telecommunications provider Masmovil, the country's fourth largest network operator, has closed the acquisition of ...

Vodafone Spain and Masmovil exploring merger without acquisition - report

Published 24 Nov 2020 15:29 CET | Spain
After denying press reports regarding imminent takeovers, Vodafone and Spain's Masmovil are now exploring the possibility of ...

Masmovil adds over 500,000 clients in Q3, profits up 27% to EUR 152 mln

Published 23 Nov 2020 16:01 CET | Spain
Spanish telecommunications provider Masmovil, the country's fourth largest network operator, reported service revenues up 20 ...

KKR, Cinven, Providence launch EUR 3 bln bid to take over Masmovil

Published 01 Jun 2020 09:14 CET | Spain | Update: 01 Jun 2020 10:51 CET
Three buyout funds have launched a joint bid to take over Spanish telecommunications provider Masmovil, the country's fourth ...

Euskaltel begins Spain expansion under 'Virgin Telco' brand

Published 20 May 2020 14:35 CET | Spain
Spanish regional operator Euskaltel, mainly present in the Basque Country and Galicia, has begun its expansion into the rest of ...





Calendar   /   Industry Events

05 Aug Starhub Q2 2021
05 Aug Uniti Group Q2
05 Aug OTE Q2
05 Aug FireEye Q2
05 Aug InterDigital Q2
05 Aug Switch Q2 2021
05 Aug Cogent Communications Q2 2021
05 Aug BCE Q2 2021
05 Aug Gogo Q2 2021
05 Aug CommScope Q2
05 Aug DigitalBridge Q2
05 Aug Motorola Solutions Q2
05 Aug Tucows Q2 2021
05 Aug WideOpenWest (Wow) Q2
05 Aug Vonage Q2 2021
05 Aug United Internet Q2 2021
05 Aug Swisscom Q2 2021
05 Aug Viasat fiscal Q1
05 Aug ON Semiconductor analysts meeting
05 Aug Frontier Communications investors meeting
05 Aug FCC meeting
06 Aug NTT fiscal Q1
06 Aug RTL Group Q2 2021
06 Aug TDS, US Cellular Q2 2021
06 Aug PCCW H1 results
09 Aug Sohu.com Q2 2021
09 Aug Cable One Q2 2021
09 Aug Synchronoss Technologies Q2 2021
09 Aug Ceva Q2 2021
09 Aug Turk Telekom Q2 2021
::: More Calendar Items